Crossmark Global Holdings Inc. bought a new stake in shares of National Oilwell Varco, Inc. (NYSE:NOV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 33,055 shares of the oil and gas exploration company’s stock, valued at approximately $1,181,000.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of National Oilwell Varco by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after acquiring an additional 930,849 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of National Oilwell Varco by 1.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 26,505,005 shares of the oil and gas exploration company’s stock valued at $873,075,000 after acquiring an additional 452,148 shares during the last quarter. BlackRock Inc. raised its position in shares of National Oilwell Varco by 1.4% during the 2nd quarter. BlackRock Inc. now owns 25,195,874 shares of the oil and gas exploration company’s stock valued at $829,954,000 after acquiring an additional 354,574 shares during the last quarter. Harris Associates L P raised its position in shares of National Oilwell Varco by 16.0% during the 2nd quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock valued at $611,852,000 after acquiring an additional 2,557,484 shares during the last quarter. Finally, FMR LLC raised its position in shares of National Oilwell Varco by 6.4% during the 2nd quarter. FMR LLC now owns 9,635,851 shares of the oil and gas exploration company’s stock valued at $317,405,000 after acquiring an additional 581,712 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

National Oilwell Varco, Inc. (NOV) opened at $33.52 on Friday. National Oilwell Varco, Inc. has a one year low of $29.90 and a one year high of $43.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75.

National Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. National Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted ($0.34) EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. research analysts forecast that National Oilwell Varco, Inc. will post -0.41 earnings per share for the current fiscal year.

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Several analysts have commented on NOV shares. Credit Suisse Group set a $35.00 target price on shares of National Oilwell Varco and gave the company a “hold” rating in a research report on Saturday, July 29th. FBR & Co reissued a “buy” rating and issued a $42.00 price target on shares of National Oilwell Varco in a report on Thursday, August 31st. Scotiabank set a $37.00 price target on shares of National Oilwell Varco and gave the company a “hold” rating in a report on Friday, July 28th. BidaskClub lowered shares of National Oilwell Varco from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, R. F. Lafferty decreased their price target on shares of National Oilwell Varco from $33.00 to $31.00 and set a “hold” rating for the company in a report on Monday, November 6th. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. National Oilwell Varco presently has a consensus rating of “Hold” and a consensus target price of $37.83.

About National Oilwell Varco

National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.

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Institutional Ownership by Quarter for National Oilwell Varco (NYSE:NOV)

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